Fundamentally the only sources of wealth are to
Extract it - fishing, forestry, mining and drilling
Grow it - farming
Manufacture it - from resources extracted or grown
Transport it - from where it is to where it is needed
Taking in each others laundry (also known as a service economy) doesn’t create wealth, it just spreads it thinner and thinner until it is all gone.
EXACTLY what I was taught many years ago. Another might be knowledge based ideas that can be used and/or sold. Also I was taught that to improve a local ecomomy, such items be sold outside of one's locality to increase local wealth.
No, you’re all wrong. The only sources of wealth are:
* Tax it from “the rich”
* Tax it from “Big Business”
* “Solar Energy” and other “Green Jobs”
* Returns on “Investment” in human capital
* Get the Federal Reserve to print more of it
* Give it to government employees and welfare recipients to multiply by spending it in “the economy” as stimulus